Torrance, CA Commercial Real Estate Market Overview
The economy of Torrance, Calif., hinges on high-tech companies, as well as the manufacturing, healthcare and scientific sectors. The city’s fantastic location — situated 30 minutes south of downtown LA — is an attractive feat on its own, further increasing demand for commercial properties here. The local government’s incentives also aim to create a balanced, vibrant and sustainable business community, adding to Torrance’s appeal.
The city’s major commercial hotspots are evenly spread out and aren’t concentrated in one single business hub. Some of Torrance’s top employers include American Honda Motor Company, the Robinson Helicopter Company, Honeywell Aerospace, Lisi Aerospace and Arconic. Besides these industry leaders, a large number of Fortune 500 companies — such as the Simon Property Group, L3 Technologies, Costco Wholesale, PBF Energy, Harris and Anthem — operate various offices in Torrance.